The correct answer is C.
A monopoly is a market structure where a single firm serves the whole demand of a specific good or service. It does not face competitors, therefore, such firm has absolute market power to decide the price charged for its products.
So, the monopoly is able to charge a higher price than in a perfect competition scenario where the price would be set at the intersection betweeen the demand function and the marginal cost function.
Instead, the quantity sold in the monopoly (<u>q*) is determined by the intersection of the marginal revenue and marginal cost curves, and the monopoly price is computed by substituting q* in the expression of the demand function </u>(because the demand function relates price and quantity).
<u>The result is 15$ as the picture shows. </u>
Yes, it is the second one you selected!
Answer:
Both nepal and swizerland are mountainous and landlocked countries. Swizerland is highly developed and rich, but Nepal is not so developed because people are more educated in Swizerland then of Nepal. In Nepal, many people works after passing school but in Swizerland you must have to learn 12 years in universities to get a job. In Swizerland there is a provision of less import and more export but in Nepal more goods are import from other countries. Transportation facility is good in Swizerland then of Nepal. Swizerland is utilizing natural resources available but Nepal is not utilizing national resources available. Political stabilty can be seen in swizerland but in nepal polical instability can be seen.
She is likely exhibiting ethnocentrism. This is being
defined as a way of showing judgement towards to other cultures based on their
own standards that they are accustomed of or in their own culture. The American
likely acted that way after seeing crickets to be eaten by locals because it is
not normal or a tradition for their culture to eat bugs or even cover them with chocolates as
they eat it.
Answer:
Multinational entreprises are attracted to regional trading groups because they are good sources for raw material.
Explanation:
Multinational enterprises can find in regional trading groups opportunities for their productive activity, for example, developing local markets, providing raw materials or low-cost labour. Regional trading groups in midsize emerging-market and economies are the perfect chance for MNEs to attract new customers and buy their raw materials production for low costs, decreasing their own production cost.
